KAUST's TAQADAM Accelerator program has commenced its fourth cohort virtually, featuring 59 startups and 168 entrepreneurs from Saudi Arabia, Bahrain, Lebanon, and Egypt. This year marks the first time international startups have been accepted into the program, which offers up to SAR 150,000 in zero-equity funding. The bootcamp includes intensive training, workshops, mentorship, and guest speakers from UC Berkeley and GEN. Why it matters: This accelerator is a key initiative by KAUST and SABB to foster entrepreneurship and technological innovation in Saudi Arabia, aligning with the Kingdom's Vision 2030 goals.
KAUST and SABB are partnering to host a virtual demo day on March 10 for the TAQADAM Startup Accelerator. The 2020 cohort of 37 startup finalists, representing diverse industries, will pitch their ventures to investors and judges. The teams received 150,000 SAR in zero-equity grant funding and mentorship. Why it matters: The TAQADAM program is an important part of the Saudi entrepreneurship ecosystem, fostering early-stage entrepreneurs and contributing to the development of high-potential startups in the Kingdom.
KAUST and SABB have launched the fourth TAQADAM Startup Accelerator program, open to all entrepreneurs in Saudi Arabia. The six-month program offers accepted startups 150,000 SAR in zero-equity grant funding, mentorship, and access to co-working and lab facilities. Startups can compete for an additional 375,000 SAR in follow-on funding at the end of the program. Why it matters: This initiative is key to supporting the growth of the entrepreneurship ecosystem in Saudi Arabia and diversifying the Kingdom's economy, aligning with Saudi Vision 2030.
KAUST, in partnership with SABB, has opened applications for the 2021 TAQADAM Startup Accelerator, welcoming up to 60 startups. Each startup will receive 150,000 SAR in zero-equity grant funding, access to co-working spaces, training, and expert mentors during the six-month program. Saudi Arabian-based startups at all stages and international startups planning to expand into Saudi Arabia are encouraged to apply by April 10, 2021. Why it matters: This accelerator program provides crucial resources and funding for early-stage entrepreneurs in Saudi Arabia, fostering innovation and contributing to the growth of the Kingdom's startup ecosystem.
TAQADAM, a KAUST-based accelerator program, awarded $1 million to 10 startups at its eighth annual showcase. To date, TAQADAM has supported 270 startups that have raised $297 million and created 3,569 jobs. The selected companies span climate monitoring, pharmaceutical supply chain, AI marketing, and healthcare. Why it matters: This funding and support highlights the growing entrepreneurial ecosystem in Saudi Arabia, fostered by KAUST and initiatives like TAQADAM, aimed at translating research into practical solutions and creating jobs.